Wildflowers Florist has an old delivery van that it uses to deliver flowers to customers. Fred the owner of Wildflowers, is considering replacing the old van with a new one, but he is not sure what the best decision would be. The old van was originally purchased for $20,000 and still has a remaining book value of $6,000. With some extra maintenance each year, Fred thinks the old van could last another 5 full years with zero scrap value at the end of 5 years). He estimates the annual maintenance costs to be about $3,000 per year this includes oil changes and other necessary repairs to keep the van running It Fred replaces the old van, he can get a newer used van for $22,000. This van Is a less expensive brand than the original, and Fred estimates he would also get 5 years out of the new van (also with zero scrap value at the end of years). However, the newer van would not require any maintenance costs except for $500 per year for oil changes, if he decided to purchased the new van he could sell his old van for $4,000. Based on the information above, Fred should buy the new var, because this option would be less expensive by 512,500 buy the new van because this option would be less expensive by $500 kerp the old van because this option would be less expensive by 5,500 keep the old van because this option would be less expensive by $4,500 OOOO